News

Debt recovery costs small businesses an average of £9,000 - January 2, 2019
News Article

The cash flow difficulties that late payments cause small businesses are well known. However, the cost of recovering late payments is less well publicised, despite being a major and growing expense – coming in at…Read more

Brexit uncertainty sends small business confidence to a seven-year low - January 2, 2019
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Confidence amongst small businesses has tumbled to a seven-year low – in part due to the uncertainty of Brexit. A survey carried out by the Federation of Small Businesses (FSB) has found that nearly one…Read more

An end to the Entrepreneurs’ Relief ‘dilutions dilemma’? - January 2, 2019
News Article

As a business takes off, the level of investment it needs in order to expand can significantly outpace growth in revenues and profits. One of the options open to entrepreneurs at this stage in the…Read more

Tax rates rise twice as fast in the UK than the international average - January 2, 2019
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According to the Organisation for Economic Co-operation and Development (OECD), UK tax revenue as a percentage of GDP rose to 33.3 per cent in 2017. This was up from 32.7 per cent in the previous…Read more

Taxpayers offered online tool to assess their self-assessment requirement - January 2, 2019
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It should seem obvious whether an individual must submit a self-assessment tax return annually. Yet, each year, thousands of people find themselves brought into the regime unwittingly. To help taxpayers prepare their affairs accordingly, HM…Read more

Taxpayers treated unfairly by HMRC, says House of Lords report - January 2, 2019
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The House of Lords Economic Affairs Committee has criticised some of the powers granted to HM Revenue & Customs (HMRC), describing them as disproportionate and lacking effective taxpayer safeguards. The committee’s latest report says that…Read more

Unwrapping Christmas tax gifts - December 4, 2018
News Article

Christmas is a time for giving, but many businesses may not be aware that their gifts can be made in a tax-efficient manner, which could make raising festive spirits that little bit cheaper. While Christmas…Read more

UK takes second spot for tax compliance in G20 - December 4, 2018
News Article

New research from the World Bank has revealed that the UK has the second most effective tax system amongst the G20 nations for tax compliance and ease of paying corporate taxes. According to the survey,…Read more

House of Lords calls for a delay to Making Tax Digital - December 4, 2018
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The House of Lords Economic Affairs Committee has criticised HM Revenue & Customs (HMRC) for its handling of Making Tax Digital (MTD) and called for a delay to some of the regime’s mandatory requirements. The…Read more

Italian e-invoicing requirements make Making Tax Digital look like a walk in the park - December 4, 2018
News Article

While a series of false starts and changes of direction have made Making Tax Digital (MTD) seem more complicated than it might need to be, new e-invoicing requirements that come into effect in Italy from…Read more